You have a portfolio with a beta of 1 1 What will be the new portfolio beta if you keep 85 percent of your money in the old portfolio and 15 percent in a stock with a beta of 0 5 ...

You have a portfolio with a beta of 1.1. What will be the new portfolio beta if

Question:

You have a with a beta of 1.1. What will be the new beta if you keep 85 percent of your money in the old and 15 percent in a stock with a beta of 0.5?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...